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Table of Contents
VMware, Inc.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
The accompanying notes are an integral part of the consolidated financial statements
62
December 31,
2011
2010
ASSETS
Current assets:
Cash and cash equivalents
$
1,955,756
$
1,628,965
Short-term investments
2,556,450
1,694,675
Accounts receivable, net of allowance for doubtful accounts of $3,794 and $4,519
882,857
614,726
Due from EMC, net
73,799
55,481
Deferred tax asset
128,471
100,689
Other current assets
80,439
203,119
Total current assets
5,677,772
4,297,655
Property and equipment, net
525,490
419,065
Capitalized software development costs, net and other
154,236
151,945
Deferred tax asset
156,855
149,126
Intangible assets, net
407,375
210,928
Goodwill
1,759,080
1,568,600
Total assets
$
8,680,808
$
6,797,319
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
$
49,747
$
58,913
Accrued expenses and other
587,650
459,813
Unearned revenues
1,764,109
1,270,426
Total current liabilities
2,401,506
1,789,152
Note payable to EMC
450,000
450,000
Unearned revenues
944,309
589,668
Other liabilities
114,711
160,056
Total liabilities
3,910,526
2,988,876
Commitments and contingencies (see Note L)
Stockholders’ equity:
Class A common stock, par value $.01; authorized 2,500,000 shares; issued and outstanding
123,610 and 116,701 shares
1,236
1,167
Class B convertible common stock, par value $.01; authorized 1,000,000 shares; issued and
outstanding 300,000 shares
3,000
3,000
Additional paid-in capital
3,212,264
2,955,971
Accumulated other comprehensive income
1,176
19,635
Retained earnings
1,552,606
828,670
Total stockholders’ equity
4,770,282
3,808,443
Total liabilities and stockholders’ equity
$
8,680,808
$
6,797,319